CANON INC-SPONS ADR (CAJ) Technical Analysis
NYSE:CAJ • US1380063099
Current stock price
CAJ Technical Rating and Analysis
Overall CAJ gets a technical rating of 1 out of 10. CAJ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- CAJ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- When comparing the performance of all stocks over the past year, CAJ turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- CAJ is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 52% of 37 stocks in the same industry.
- In the last month CAJ has a been trading in a tight range between 21.35 and 22.30.
CAJ Weekly and Daily overview Charts
CAJ Setup Rating and Analysis
Although the technical rating is bad, CAJ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.32, a Stop Loss order could be placed below this zone.
More info and screens
CAJ Support and Resistance Analysis
20.64
We found 2 important support areas.
- A support zone ranging from 21.26 to 21.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.85 to 20.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.64 to 22.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.68 to 23.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.12 from a horizontal line in the weekly time frame.
CAJ Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CAJ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAJ is down. |
| ChartMill Relative Strength | 58.56 | NEUTRAL | CAJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CAJ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.97 | NEUTRAL | The RSI value for CAJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CAJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.22 | NEUTRAL | The Stochastics value for CAJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for CAJ suggests low volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for CAJ suggests a strong trend. |
CAJ Chart- and CandleStick Pattern Analysis
CAJ Technicals: Chart, Performance Metrics, Trend & Indicators
21.63
-0.03 (-0.14%)
CANON INC-SPONS ADR / CAJ TA FAQ
What is the ChartMill technical rating of CANON INC-SPONS ADR (CAJ) stock?
ChartMill assigns a technical rating of 1 / 10 to CAJ.
What is the current trend direction of CANON INC-SPONS ADR (CAJ) stock?
The current trend direction for CANON INC-SPONS ADR (CAJ) is Bearish.
What is the RSI signal for CANON INC-SPONS ADR (CAJ) stock?
CANON INC-SPONS ADR (CAJ) has an RSI value of 45.9734. This indicates that the stock is currently neutral.
What is the short term momentum for CANON INC-SPONS ADR (CAJ) stock?
The short term momentum for CANON INC-SPONS ADR (CAJ) is negative.
What is the buy/sell signal for CAJ stock?
The buy/sell signal for CANON INC-SPONS ADR (CAJ) is sell as both the short term and long term trends are negative.